Huntsman Announces Fourth Quarter And Full Year 2016 Results; Delivers A Record $686 Million Of Free Cash Flow

Net income was $137 million compared to $9 million in the prior year period and $64 million in the prior quarter. Adjusted EBITDA was $256 million compared to $240 million in the prior year period and $272 million in the prior quarter. Diluted income per share was $0.53 compared to $0.02 in the prior year period and $0.23 in the prior quarter. Adjusted diluted income per share was $0.30 compared to $0.51 in the prior year period and $0.38 in the prior quarter. Net cash provided by operating activities was $240 million. Free cash flow generation was $117 million. On December 30, 2016, we completed the sale of our European surfactants business for an enterprise value of $225 million. On December 30, 2016, we made a $260 million early repayment of debt.

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